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The Incredibly Failed Presidency Of Barack Obama
A brief examination of the first Black president’s time as leader of the free world.
Barack Obama’s time as President of the United States of America was characterized by timidity, cowardice and a profound lack of decisiveness on the seminal issues of his time. His pusillanimity at home and abroad led to the inexorable rise of Donald Trump and the stranglehold on the republican party on American politics, the worsening of the political and security situation in the middle east and emergence of Vladmir Putin and Prince Mohammed Bin Salaam (MBS), as the world’s greatest outlaws.
Here are my reasons:
Failure to Clampdown on the Financial Establishment.
In 2008, when the global economy teetered on the brink of collapse, with very almost no liquidity in the system, Obama’s government presided over the bail out of the banks to the tune of $800 million dollars with little or no stringent conditions attached. Owing to his policy failure, the funds released to wall street, went to funding bonuses and paying off those who had bet against the entire financial system, using credit default swaps to short collaterized debt obligations (CDO).
Just like his counterpart in the United Kingdom, Gordon Brown, who elected to inject liquidity into the banks as opposed to the…